{"id":602214,"date":"2019-03-21T03:30:59","date_gmt":"2019-03-21T03:30:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/"},"modified":"2019-03-21T03:30:59","modified_gmt":"2019-03-21T03:30:59","slug":"central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/","title":{"rendered":"Central Bank of Egypt to launch soon EGP 1 bn fund for fintech"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><b> The CBE is embracing fintech: <\/b>The Central Bank of Egypt is planning to set up an EGP 1 bn fund to back fintech startups, CBE sub-governor for payment systems and business technology <a href=\"https:\/\/alborsaanews.com\/2019\/03\/17\/1187316\">Ayman Hussein said<\/a> earlier this week. The fund is part of the CBE\u2019s strategy to promote fintech, which will also see a fintech unit and a digital research lab established in the central bank. The strategy aims to position Egypt as a regional hub for fintech. <a href=\"https:\/\/www.wamda.com\/2019\/03\/egypt-sets-57-million-fintech-startup-fund\">Wamda also has the story<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CBE is embracing fintech: The Central Bank of Egypt is planning to set up an EGP 1 bn fund to back fintech startups, CBE sub-governor for payment systems and business technology Ayman Hussein said earlier this week. The fund is part of the CBE\u2019s strategy to promote fintech, which will also see a fintech [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,290,183,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602214","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-financial-inclusion","tag-fintech","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7b3d90f9-8116-4ff8-ad39-89b0ff15c978","is_powered_by":true,"section_story_id":"bc74c6d3-de58-4ae9-ac0d-43d560d8013f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602207],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Central Bank of Egypt to launch soon EGP 1 bn fund for fintech - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank of Egypt to launch soon EGP 1 bn fund for fintech\" \/>\n<meta property=\"og:description\" content=\"The CBE is embracing fintech: The Central Bank of Egypt is planning to set up an EGP 1 bn fund to back fintech startups, CBE sub-governor for payment systems and business technology Ayman Hussein said earlier this week. The fund is part of the CBE\u2019s strategy to promote fintech, which will also see a fintech [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-21T03:30:59+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Central Bank of Egypt to launch soon EGP 1 bn fund for fintech\",\"datePublished\":\"2019-03-21T03:30:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"financial inclusion\",\"Fintech\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/21\/central-bank-of-egypt-to-launch-soon-egp-1-bn-fund-for-fintech\/\",\"name\":\"Central Bank of Egypt to launch soon EGP 1 bn fund for fintech - 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Several unnamed international and local institutions will invest alongside the CBE in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625020,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/sawari-ventures-to-launch-egp-1-bn-fintech-fund-by-year-end-pending-cbe-approval\/","url_meta":{"origin":602214,"position":2},"title":"Sawari Ventures to launch EGP 1 bn FinTech fund by year-end pending CBE approval","author":"enterpriseam admin","date":"25 September 2018","format":false,"excerpt":"**#6 INVESTMENT WATCH- Sawari Ventures to launch EGP 1 bn fintech fund by year-end: Sawari Ventures will launch its EGP 1 bn fintech-focused venture capital fund by the end of this year or early next year, depending on the timing of approvals it needs from the central bank, Al Mal\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632342,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/amendments-to-banking-act-will-strengthen-the-central-banks-consumer-protection-role\/","url_meta":{"origin":602214,"position":3},"title":"Amendments to Banking Act will strengthen the central bank\u2019s consumer protection role","author":"enterpriseam admin","date":"8 February 2018","format":false,"excerpt":"Amendments to Banking Act to make central bank the primary consumer protection agency for the banking industry: Amendments to the Banking Act, which are still being drafted by the central bank, will, in effect, make the CBE the primary consumer protection agency for the banking industry, Al Mal reports. Under\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557674,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/egyptian-banks-launch-egp-1-bn-fintech-fund\/","url_meta":{"origin":602214,"position":4},"title":"Egyptian banks launch EGP 1 bn fintech fund","author":"enterpriseam admin","date":"28 September 2021","format":false,"excerpt":"State-owned banks launch EGP 1 bn+ fintech fund: Several state-owned banks will next month join forces to launch a fund to support fintech startups, in a new push to develop the local sector and bring more of the population into the formal economy, according to a statement (pdf) out yesterday.\u2026","rel":"","context":"In &quot;Fintech&quot;","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/374.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590088,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/13\/new-criteria-for-fintech-digital-banking-licenses\/","url_meta":{"origin":602214,"position":5},"title":"New criteria for fintech, digital banking licenses","author":"enterpriseam admin","date":"13 July 2023","format":false,"excerpt":"Digital banks now need a capital of at least EGP 2 bn","rel":"","context":"In &quot;REGULATION WATCH&quot;","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/512.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=602214"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602214\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602207"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602214"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602214"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}